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Volume 23 Issue 7

Wednesday, January 10, 2024

MBA: Mortgage Credit Availability Decreased in December

Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.

MBA Weekly Survey: Mortgage Applications Increase

Mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024.

Redfin: Median Asking Rent Continues to Decline

Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.

MBA VIDEOS

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

MBA Research Minute

MBA Research Minute

MBA Eye on Washington

MBA Eye on Washington

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
Ginnie Issuance Volume Declines in Fourth Quarter
Thousands of U.S. Homes Have Flooded Over and Over Again. Here’s Where.
Nation’s Largest Single-Family Home Landlord to Pay $3.7 Million in California Rent-Gouging Case
New Data-Center Property Investment Signals AI Boom
Boston Is Using Public Buildings–Like Libraries–to Build Affordable Housing. It’s Still Pricey

MBA NEWS

Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22
MISMO Boot Camp: February 12-13 (Online)
MBA Education Advantage: Learn for Less

Quote: Jan. 10, 2024

“Credit availability declined in December to the lowest level since 2012, as ongoing industry consolidation is resulting in more loan programs being removed from the marketplace.” --Joel Kan, MBA Vice President and Deputy Chief Economist.

MISMO Introduces New Certification Opportunities at 2024 Winter Summit

MISMO, the real estate finance industry's standards organization, introduced new certification opportunities at its 2024 Winter Summit.

January 10, 2024

A.I. in Commercial/Multifamily Finance: an MBA NewsLink Q&A with Greystone’s Niraj Patel

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Given the impacts of artificial intelligence likely to be felt across real estate finance, MBA Newslink interviewed Greystone’s Chief Information Officer Niraj Patel to get his insights on where we are and what we can expect going forward.

January 10, 2024

BeSmartee’s Tim Nguyen: 2024 Strategies for Mortgage Executives–Breaking Down Expenses, Technology and the 20% Volume Surge

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For most mortgage lenders, 2024 will be a better year, but not a great year due to too many chasing a finite market. 2024 is what I call a “foundational year,” where you rebuild the very structure your business sits upon.

January 10, 2024

FormFree’s Martin Prescher on Balancing Fairness, Innovation With AI in Mortgage Lending

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While many industries have been quick to integrate AI into products and operations, the mortgage industry has approached it with caution. And that’s a good thing.

January 09, 2024

Dealmaker: Mesa West Capital Provides $54M Construction Loan in South Brunswick, N.J.

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Mesa West Capital, New York, provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a new 292,000-square-foot industrial building in South Brunswick, N.J.

January 09, 2024

To the Point With Bob: Thoughts Ahead of #MBAIMB24–Consumers Benefit From Large, Diverse Collection of Mortgage Lenders

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MBA President and CEO Bob Broeksmit, CMB, shares his thoughts on topics related to IMBs ahead of #MBAIMB24.

January 09, 2024

MBA CREF Outlook Survey: Markets Expected to Become Less Unsettled as 2024 Progresses

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Commercial and multifamily mortgage originators continue to experience an unsettled market for borrowing and lending but anticipate those conditions will stabilize over the course of 2024.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938

Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774
Advertising Opportunities: Bill Farmakis | 203/834-8832